06/03/10 --- 28 Downtown Stamford Condos To Be Auctioned With Min Bids Up To 62% Below Previous Asking Price - Will Byram Condo Projects Be Next ?????

Dear Greenwich Roundup,

I thought you would be interested to know that Accelerated Marketing Partners (AMP) announced today it will conduct a real estate auction for 28 condominium residences at The Classic Condominiums at Stamford, a luxury residential development with FHA approval in the heart of Stamford, Conn. The event will be held on Sun., June 27, 2010, 1 p.m., at the Stamford Marriott Hotel & Spa, located at 243 Tresser Blvd. Minimum bids for the one-, two- and three-bedroom homes available at auction start from $150,000 and are up to 62 percent below previous asking prices.

Below is the announcement release with complete details. Should you be interested in covering this in an upcoming piece, I would be happy to put you in touch with Jon Gollinger, east coast CEO and co-founder of AMP, to further discuss this news or to answer any specific questions you might have. I look forward to discussing and hope to hear from you soon.

All best,

Emily

Contact: Emily Franklin / Quinn & Co. / 212.868.1900 x264 / efranklin@quinnandco.com

Accelerated Marketing Partners to Auction 28 Luxury Condominium Residences with

Minimum Bids from $150,000 at FHA-Approved The Classic Condominiums at Stamford

-The 28 Homes Available at June 27 Auction Have Minimum Bids

Up to 62 Percent Below Previous Asking Prices-

Stamford, CT (June 3, 2010) – Accelerated Marketing Partners (AMP) announced today that it will conduct a real estate auction for 28 condominium residences at The Classic Condominiums at Stamford, a luxury residential development with FHA approval in the heart of Stamford, Conn. The event will be held on Sun., June 27, 2010 at 1 p.m. at the Stamford Marriott Hotel & Spa, located at 243 Tresser Blvd.

Minimum bids for the one-, two- and three-bedroom homes available at auction start from $150,000 and are up to 62 percent below previous asking prices.

The auction information center and model homes are open Mon.-Fri. from 11:30 a.m. – 6:30 p.m. and Sat.-Sun. from 11:00 a.m. – 5:00 p.m. through June 26 at 25 Forest St., in Stamford. Advance registration for the auction is required, and financing is available for qualified buyers through MetLife Home Loans, Well Fargo and Calcon Mutual Mortgage. All interested parties can obtain additional information at http://www.theclassicauction.com/.

“This will be a watershed event for not only Fairfield County, but for the Greater New York area,” said Jon Gollinger, co-founder and east coast chief executive officer of AMP. “As the first high-rise auction in the New York area with no hidden reserves and no buyer’s premiums, this will be a transparent sale to bring buyers off the sidelines and determine market value, serving as a bellwether for the region.”

Residences in the 144-home development are designed with space in mind and feature hardwood floors, elegant balconies and terraces, energy efficient appliances and a washer/dryer in every residence. Homes offer expansive views, and select residences have views of the Sound.

The 28 homes available for immediate occupancy and at the auction include:

• Eight one-bedroom, one-bath residences, ranging in size from 720 square feet to 875 square feet. Minimum bids range from $150,000 to $185,000 and are up to 60 percent below previous asking prices, which were up to $390,000.

• Four one-bedroom-plus-den, 1.5-bath residences, each approximately 965 square feet, with minimum bids of $195,000. Minimum bids are up to 52 percent below previous asking prices up to $410,000.

• Two two-bedroom, two-bath residences, approximately 1,317 square feet, with minimum bids of $255,000. Minimum bids are 58 percent below previous asking prices of $601,000.

• 10 two-bedroom-plus-den, two-bath residences, ranging in size from approximately 1,251 square feet to 1,371 square feet. These homes have minimum bids ranging from $230,000 to $255,000, up to 62 percent below previous asking prices, which were up to $601,000.

• Three three-bedroom, three-bath residences, ranging in size from approximately 1,953 square feet to 2,149 square feet, with minimum bids ranging from $350,000 to $385,000. Minimum bids are up to 61 percent below previous asking prices, which were as high as $989,000.

• One three-bedroom-plus-den, three-bath residence, which is approximately 2,213 square feet. This home has a minimum bid of $400,000, 61 percent below a previous asking price of $1.027 million.

Residents at The Classic enjoy a wide array of amenities and services. The dramatic lobby features a fireplace and 24-hour doorman and concierge, as well as morning coffee and continental breakfast served daily. Amenities abound, including a fitness center, rooftop swimming pool and sundeck, and 18^th floor clubroom with wireless Internet and a kitchen for residents’ enjoyment and relaxation. The Classic is a pet-friendly building with a uniquely designed Puppy Park. The building also offers secure indoor parking, a full-service superintendant and a year-round shuttle to transportation hubs in Stamford.

Just one block from Stamford Town Center, The Classic is within walking distance to high-end shopping and dining, from stores such as Saks Fifth Avenue, Williams-Sonoma, Macy’s and J.Crew to restaurants including P.F. Chang’s China Bistro, Kona Grill and The Capital Grille. The Classic is a short drive from I-95 and is less than an hour from New York City by car, bus, Amtrak, and Metro North.

For more information, please call 203-967-9500 or visit http://www.theclassicauction.com/.

Accelerated Marketing Partners (AMP)

Accelerated Marketing Partners, a full-service residential real estate firm with offices in Boston, San Francisco and Irvine, Calif., specializes in the development and implementation of both accelerated and conventional marketing and sales programs. The company has brought together the industry’s most seasoned professionals with decades of experience providing strategic marketing solutions for residential real estate developments nationwide. Accelerated Marketing Partners offers comprehensive integrated services including detailed marketing analysis, management of on-site sales initiatives and accelerated marketing campaign development and implementation. www.acceleratedmp.com.

Emily Franklin Account Supervisor Quinn & Co. 520 Eighth Avenue, 21 Fl. New York, NY 10018

T: 212.868.1900 x264 C: 646.489.9471 F: 212.465.0849 efranklin@quinnandco.com www.quinnandco.com

Twitter: @efranklin88

Quinn & Co. is proud to be the U.S. PR firm for Tourism Queensland's blockbuster THE BEST JOB IN THE WORLD, which took home two PLATINUMS and BEST OF SHOW at the 2010 HSMAI Awards. We won nine awards at this year's gala.

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